IRS Direct Deposit

Getting a tax refund is welcome news for any taxpayer. If you’re expecting money back, you might consider having it electronically deposited into your account. An IRS direct deposit is a convenient way to receive your refund quickly and securely.

IRS direct deposit is a popular option for many U.S. taxpayers. In fact, according to information from the IRS, eight out of 10 taxpayers choose this method to receive their refund.

Tax Refund Direct Deposit – The Benefits

Choosing to have your refund electronically transferred has many benefits over receiving your money as a check in the mail.

  • One of the clearest advantages of direct deposit is that you can receive your money faster than you would if you were to wait for your check to arrive in the mail.
  • Another benefit is that choosing a tax refund direct deposit allows you to receive your money safely and securely. With concerns of identity theft and fraud on the rise, IRS direct deposit means you don’t have to worry about mail theft, which could put your check and your personal information at risk.
  • Direct deposit can also help you manage your finances and save for the future. Because the IRS lets you split your refund across two or three accounts, you can take one step out of the process of investing. For example, you could have a portion of your refund put into your checking account for everyday expenses and the other portions put into a savings account or a retirement account, such an IRA.

Tax Return Direct Deposit – How It Works

If you’re using H&R Block tax software or you opt file taxes online with us, simply choose direct deposit as your return method. You’ll need to provide your bank or financial intuition’s routing number and your account number.  These numbers can be found at the bottom of your check or deposit slip. The routing number is the first series of numbers listed and is nine-digits in length. The next set of numbers is your account number.

Keep in mind that you will not be able to change this information once you’ve submitted your tax return. That said, you should double check the routing and account number to avoid any errors. Additionally, it’s important to know that you can only have your tax refund deposited into an account in your name —direct deposit into someone else’s account is not allowed

Get Expert Help With Your Tax Return

You can rely on H&R Block’s expertise whether you file in an office or with one of our easy-to-use online filing products.

Make an Appointment to speak with a Tax Pro or review our options to file your taxes online.

Related Topics

Related Resources

What Are the Tax Brackets?

What are the tax brackets for U.S. taxes? Review income tax brackets based on your filing status and taxable income and understand how they apply to you.

Tax Filing Extension Deadline | H&R Block

Do you need more time to file taxes? Review these time-sensitive tax pro tips to prepare for the tax filing extension deadline. Read more from our pros on the H&R Block blog.

2018 Withholding Updates – The Latest IRS Guidance

Learn more about the latest updates for 2018 tax withholding with H&R Block. Find out how your paycheck may be impacted by the new 2018 withholding tables.

Tax Myths—Busted! | H&R Block

When it comes to making everyday tax decisions, we find that there's a gap between what's true and what's rumored. Let's explore four common tax myths.